Nkeq Etf Fundamentals
| NKEQ Etf | USD 28.95 0.00 0.00% |
NKEQ fundamentals help investors to digest information that contributes to NKEQ's financial success or failures. It also enables traders to predict the movement of NKEQ Etf. The fundamental analysis module provides a way to measure NKEQ's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NKEQ etf.
NKEQ |
NKEQ ETF Net Asset Analysis
NKEQ's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current NKEQ Net Asset | 1.69 M |
Most of NKEQ's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NKEQ is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
CompetitionBased on the recorded statements, NKEQ has a Net Asset of 1.69 M. This is much higher than that of the AXS family and significantly higher than that of the Trading--Inverse Equity category. The net asset for all United States etfs is notably lower than that of the firm.
NKEQ Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NKEQ's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of NKEQ could also be used in its relative valuation, which is a method of valuing NKEQ by comparing valuation metrics of similar companies.NKEQ is currently under evaluation in net asset as compared to similar ETFs.
NKEQ Fundamentals
| Total Asset | 1.69 M | |||
| Net Asset | 1.69 M |
About NKEQ Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NKEQ's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NKEQ using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NKEQ based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Under normal market circumstances, the adviser will maintain at least 80 percent exposure to financial instruments that provide two times inverse leveraged exposure to the daily performance of NKE. Axs 2X is traded on NASDAQ Exchange in the United States.
Pair Trading with NKEQ
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NKEQ position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NKEQ will appreciate offsetting losses from the drop in the long position's value.Moving against NKEQ Etf
| 0.8 | TAIL | Cambria Tail Risk | PairCorr |
| 0.65 | RWM | ProShares Short Russ | PairCorr |
| 0.59 | QID | ProShares UltraShort QQQ | PairCorr |
| 0.58 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.58 | SDS | ProShares UltraShort | PairCorr |
The ability to find closely correlated positions to NKEQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NKEQ when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NKEQ - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NKEQ to buy it.
The correlation of NKEQ is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NKEQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NKEQ moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NKEQ can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of NKEQ is measured differently than its book value, which is the value of NKEQ that is recorded on the company's balance sheet. Investors also form their own opinion of NKEQ's value that differs from its market value or its book value, called intrinsic value, which is NKEQ's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NKEQ's market value can be influenced by many factors that don't directly affect NKEQ's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NKEQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if NKEQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NKEQ's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.